Following points illustrate the importance of capital formation in the economic development:
- Capital formation is vital for economic growth.
- Capital resources of a country increase investment and needed finance for the industries.
- Capital formation helps in eradicating the vicious circle of poverty.
- Capital formation increase investment and production activities which results in more employment opportunities for the masses.
- Capital formation helps a country becoming self sufficient and independent all foreign pressures.
- Expenditure on Human Resource Development increases productivity and efficiency of work which later translates into better and more production.
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